HG Vora Special Opportunities Master Fund Ltd. - Acquisition of Securities of Jackpotjoy plc

NEW YORK, Feb. 20, 2018 /CNW Telbec/ - HG Vora Capital Management, LLC and HG Vora Special Opportunities Master Fund Ltd. (collectively, "HG Vora") announced today that on November 30, 2017, HG Vora acquired 3,500,000 ordinary shares of Jackpotjoy plc ("Jackpotjoy") as a secondary purchase, on a block trade basis, from an underwriter for £8.02 per share. The total consideration paid in Canadian dollars, based on the Bank of Canada daily exchange rate on November 30, 2017, was $48,853,028. Between December 11, 2017 and February 15, 2018, HG Vora acquired a further 241,207 ordinary shares of Jackpotjoy over the facilities of the London Stock Exchange for average prices ranging from £7.74 to £8.45 per share. The total consideration paid in Canadian dollars for the shares acquired in these subsequent transactions, based on the applicable Bank of Canada daily exchange rate on each subsequent transaction date, was $3,385,926.55.

Following these transactions, HG Vora owns and exercises control and direction over an aggregate of 11,116,207 ordinary shares of Jackpotjoy, representing approximately 15.1% of the issued and outstanding ordinary shares of Jackpotjoy.

The securities of Jackpotjoy were acquired for investment purposes. HG Vora may increase or decrease its ownership of securities of Jackpotjoy depending upon future market conditions.

SOURCE HG Vora Capital Management, LLC